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Wells Fargo | Santa Monica, CA 170 Pier Ave 4,939 SF Retail Building Santa Monica, CA 90405 $9,275,000 ($1,877.91/SF) 4.75% Cap Rate
Investment Highlights
- Single-Tenant Wells Fargo Bank; Over 6 Years Remaining with One 5-Year Option at Fair Market; Investment-Grade Credit (S&P: BBB+)
- NNN Lease; Ease of Management; 2026 Planned Renovation; Tenant Investment Into Exterior and Interior Upgrades
- Positioned Along Santa Monica's Largest North/South Coastal Thoroughfare: Neilson Way, Ocean Avenue and Pacific Avenue
- Corporate Guaranty; Long-Term Historical Occupancy; Tenant Since 2007
- Rare Parking Lot Included with Approximately 22 Spaces; Approx. 1/3 Acre Parcel Allows for Future Development Potential
- Prime Santa Monica Location Less Than 1 Block from the Beach
Executive Summary
Property Facts
Amenities
- Bus Line
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Wells Fargo began in 1852 during the California Gold Rush when Henry Wells and William Fargo established it to provide banking and express services. It has since grown into a multinational financial giant through numerous mergers and strategic expansions. The company operates four primary business segments: consumer banking and lending, commercial banking, corporate and investment banking, and wealth management. This structure allows it to serve a diverse clientele from individual consumers to large corporations. Over the decades, Wells Fargo has built a substantial global presence while maintaining its status as a key player in the American financial landscape.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 4288-007-001 | Improvements Assessment | $295,947 |
| Land Assessment | $13,909,619 | Total Assessment | $14,205,566 |
Property Taxes
Presented by
Wells Fargo | Santa Monica, CA | 170 Pier Ave
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